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Hi Jerry, Yes, GOOG could reverse any time, but we're both watching things everyday, aren't we? If we get on this rollercoaster next dip, hopefully we'd accumulate enough profit to cushion some loss on a reversal we might be late to catch. Isn't QQQQ topping out at a resistance level...

Bitstream, I forgot to mention that I trade with Interactive Brokers, charging only $2 per trade - maybe that area was another point in your reference to "expensive " trading. From someone who's never kept any money from this game...

Hi Bitstream, Yes, playing them intraday can be expensive, unless I am quite confident of the underlying's characteristics, which I am in this case. Yes, it's always possible that a gap up or down will happen, but that will happen whether I'm trading intraday or long term. My knowing the...

The next day doji'd on ECA-TC and couldn't keep my nerve about staying bullish on the previous day's hammer. Lost some as I sold the call, rode puts that stopped out later in the day. So I was right after all, just didn't have the courage to play the strategy. Could have bought a call cheap near...

Well, I made a few dollars on ECA-tc's pullback, because the first down day opened shy of previous close, and continued from there. On such a bullish rise for ECA-tc, especially on the last days before reversal, candles don't overlap, so I knew it was a downer when it opened low. Rode til close...

Yes, thanks also from me - for your candidness in trading and ready experienced counsel (what are PNL's?). Where will you publish your journal? Looking forward to lots more rapport... I'm currently holding puts on ECA-TC since the dive started on Fri. I couldn't believe the spread when I went...

If you guys would like to see something move, track ECA these days. Trading clear outside of the upper Bolinger band (it's never done that before) and still up substantially after hours. I am learning my own lessons - namely how to take courage, stick to the rules despite fears and greed - in...

Chagi, how did your suggestion for LOUD come to you - fundamentals, or techs only? And what do you see in there? I hope it fares as well as TMTA did for you. Are you in anything else right now?

Well, Palawan, mercy is on my side today! Even though I was holding calls over the weekend after losing out on making money on Friday's stock movement, and market opened with Katrina howling today, I was quite afraid of a down day, yet 'twas not so. Stock opened up $1.40, much to my very...

Great counsel, Palawan, and I take it to heart. Yes, I too would now rather have sold at day's high early at the risk of losing the breakthrough, and then maybe bought 1 call for over the weekend at the new low. It would be easier on my gut! Great opportunity for you there at work! One many...

Palawan, do you trade full time? Seems you are a bustle of trading activity and very current in knowledge! Congrats on your successful management! Lost a bit on my ECA-TC calls as underlying closed lower than yesterday. Trading range for the day indicates trend still likely there, so stayed...

I'm glad you posted that, Palawan. I've been noticing the USD dropping to new lows lately and didn't realize Canada's oil contributed so much to the strength of the Cdn dollar. I played a currency exchange between the 2 once before, and with the next-to-nothing spread at IB, was planning to play...

Good to hear from you, Chagi! I enclose an exerpt from Yahoo Finance on Encana that looks like it does deal some in oil... EnCana Corporation engages in the exploration, production, and marketing of natural gas, crude oil, and natural gas liquids (NGL) in Canada, the U.S., Ecuador, and the...

The Sept. calls I'm in are indeed at a $54 strke on the Canadian version of Encana, trading on the TSX - the Toronto Stock Exchange, and that stock is at $53, whereas the American counterpart traded at about $44.50 today. I'm trading the TSX because I can daytrade it if I want, yet not so with...

That is a desireable plan, Palawan, to hedge with opposite pos'ns on another company, same as what Optionpro007 was outlining in his previous discussion with Moralhazard. I found JNJ also is a downer for puts right now, as is PTR. As soon as I accumulate (almost vanished from my vocabulary)...

Yeah, good advice - sounds like something I might say myself, except on this end, I'm wondering how bad the withdrawal symptoms are gonna get before I end the "fast" and get back in?! Points well appreciated, though. Noticed how RIMM shot up again today? I wonder if eagerbeaver is enjoying it?

Palawan, sorry to hear of your loss. I faired about the same friday, playing high risk/high return Aug. calls on ECA Thurs. and Fri., misreading the trend...again...and being left way shy of strike and with Sept. calls down from days earlier that I'll wait to recover. I had been playing my acc't...

I used to play RIMM but it seems to have fallen out of pattern and gone flat. Shortly after it first hit $70 on this trend, I read a couple of analysts saying they downgraded RIMM and didn't see RIMM having any strategy or knowing where they were going. The price seems to have been reflecting...

Thanks, Palawan, for sharing the last post to me and your exciting adventures - I think you have a somewhat spellbound audience, in two of us anyway!:)

Congrats, Chagi! A wise move to take your profits and stay sceptically optimistic! Sounds like you have a steady hand!:) Keep up the good work!